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Screening of Factors for Assessing the Environmental and Economic Efficiency of Investment Projects in the Energy Sector

Author

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  • Anzhelika Pirmamedovna Karaeva

    (Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, Russia)

  • Elena Romenovna Magaril

    (Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, Russia)

  • Andrey Vladimirovich Kiselev

    (Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, Russia)

  • Lucian-Ionel Cioca

    (Department of Industrial Engineering and Management, Lucian Blaga University of Sibiu, 550024 Sibiu, Romania)

Abstract

In view of the current agenda in the field of climate and environmental conservation, the requirements for environmental project appraisal are being tightened: the evaluation of environmental indicators of project implementation should be carried out on a par with indicators of its economic performance. Current approaches to the assessment of environmental and economic efficiency do not completely cover the negative environmental impacts of a project’s implementation, and this reduces the effectiveness of the evaluation. Therefore, it is necessary to develop a system of environmental indicators that will address the specifics of the industry. This is made possible on the basis of determining a list of key factors that should be included in the evaluation system. The purpose of this study is to determine the most significant factors for establishing a simple yet thorough assessment framework to evaluate the efficiency of energy investment projects. Research methodology includes an a priori ranking method and analysis of interrelations between factors. Based on the results obtained, the authors have formed a list of key factors that could become the basis of a future system of environmental indicators for the efficiency assessment of energy projects.

Suggested Citation

  • Anzhelika Pirmamedovna Karaeva & Elena Romenovna Magaril & Andrey Vladimirovich Kiselev & Lucian-Ionel Cioca, 2022. "Screening of Factors for Assessing the Environmental and Economic Efficiency of Investment Projects in the Energy Sector," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:18:p:11716-:d:917218
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    References listed on IDEAS

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